The Index futures are all at intraday negatives, with Friday's triangle breakout and volume it's not surprising at all there would be limit and follow up orders chasing in the early hours, the assets I showed in the last post though should be of concern for longs.
So should the intraday charts for Index futures as well as averages.
IWM
QQQ
SPY
It's still very early in the day, a lot can happen from here.
Normally I'd say I'd expect some flat/lateral market trade from this point or rounding.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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